Wikipedia/Plutocracy: Plutocracy is rule by the wealthy, or power provided by wealth. The combination of both plutocracy and oligarchy is called plutarchy.
Our government is no longer a democracy: ruled by the people. It is a plutocracy: ruled by the wealthy, and it is an oligarchy: ruled by an elite class. The two realities combined form a plutarchy, and are antithetical to a democratic republic. Representative democracy is meant to represent everyone, not just the wealthy and the elite, and not just the wealthiest 1%, as is true today.
Sucks for the 99%. The good news is that organized people can bury organized money any day of the week – key word organized.